NOT LISTED FOR SALE

3937 W Drexel Ave Franklin, WI 53132

Estimated Value: $437,000 - $541,333

4 Beds
2 Baths
2,538 Sq Ft
$192/Sq Ft Est. Value

Last Sold January 15, 2021

Last sale price $290,000 $114 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $2,898/month

99 Days on Market

Highlights

  • 8.07 Acre Lot
  • Robinwood Elementary School Rated A
  • 3 Car Detached Garage

About This Home

As of January 2021

Whether you're looking for an investment opportunity or the perfect home to put your own custom stamp on, you don't want to miss this unique Franklin property. Nestled on a lush, nearly 8-acre lot peppered with mature trees, you won't find another property around with this kind of land. A large duplex sits on this lot with two bedrooms and one bathroom in each unit.Lovingly maintained and full of original charm, it has plenty of potential with a bit of TLC and some elbow grease. Don't let this unique opportunity pass you by - schedule your private showing today!

Last Agent to Sell the Property

Nathan Michalski

Coldwell Banker Realty License #59297-90 Listed on: 09/25/2020

Last Buyer's Agent

Nathan Michalski

Coldwell Banker Realty License #59297-90 Listed on: 09/25/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,782

Year Built

  • Built in 1941

Lot Details

  • 8.07

Parking

  • 3 Car Detached Garage
  • Garage Door Opener

Home Design

  • Duplex
  • Composition Roof

Interior Spaces

  • 2,538 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Schools

  • Forest Park Middle School
  • Franklin High School

Additional Features

  • 8.07 Acre Lot
  • Well Required

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,782

Year Built

Built in 1941

Lot Details

0

Parking

3

Listing Details

  • Prop. Type: Multi-Family
  • Inclusions: 2x Refridgerator, 2x Oven, Dishwasher, EDO. Seller would prefer to leave remaining personal property behind.
  • Directions: Drexel West of 27th St.
  • New Construction: No
  • Year Built: 1941
  • Cleared Acreage: Over 5 to 10 acres
  • Full Street Address: 3937 W Drexel AVENUE
  • Lot Acreage: 8.07
  • Municipality Type: City
  • Lot Description Waterfront: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Full
  • Second Floor Total Sq Ft: 2538.00

Exterior Features

  • Exterior Building Type: 2 Story, Duplex
  • Exterior: Other

Garage/Parking

  • Parking Features:Workshop in Garage: Detached, Opener Included, 3 Car
  • Garage Spaces: 3.0

Utilities

  • Utilities: 2 Electric Meters, 2 Gas Meters
  • Water Waste: Municipal Sewer, Well

Schools

  • School District: Franklin Public
  • Middle School: Forest Park
  • High School: Franklin
  • High School: Franklin
  • Junior High Dist: Franklin Public

Lot Info

  • Zoning: R6
  • Acreage Range: 5 to 9.99

Tax Info

  • Tax Year: 2019
  • Total Taxes: 5782.07

MLS Schools

  • Middle School: Forest Park

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 25, 2020
Closed on
Jan 13, 2021
Sold by
Phillipson Donna M
Bought by
Manickam Saravana
Seller's Agent
Nathan Michalski
Coldwell Banker Realty
Buyer's Agent
Nathan Michalski
Coldwell Banker Realty
List Price
$290,000
Sold Price
$290,000
Current Estimated Value
$487,833

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$197,833
Avg. Annual Appreciation
10.48%
Original Mortgage
$215,000
Outstanding Balance
$175,864
Interest Rate
2.6%
Mortgage Type
New Conventional
Estimated Equity
$287,837
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Manickam Saravana $290,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Manickam Saravana $215,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/15/2021 01/15/21 Sold $290,000 0.0% $114 / Sq Ft
01/02/2021 01/02/21 Pending -- -- --
09/25/2020 09/25/20 For Sale $290,000 -- $114 / Sq Ft
Source: Metro MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,730 -- -- --
2023 $5,769 $367,600 $130,900 $236,700
2022 $5,745 $302,200 $130,900 $171,300
2021 $5,633 $295,200 $122,200 $173,000
2020 $6,084 $0 $0 $0
2019 $6,578 $273,000 $122,200 $150,800
2018 $5,981 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2021

    Nathan Michalski

    Coldwell Banker Realty

See All Agents

Map

Source: Metro MLS

MLS Number: 1711858

Metro MLS

APN: 808-9995-000

Wisconsin Milwaukee County Franklin 53132

3937 W Drexel Ave, Franklin, WI

This home is located at 3937 W Drexel Ave, Franklin, WI 53132 since 25 September 2020 and is currently estimated at $487,833, approximately $192 per square foot. This property was built in 1941. 3937 W Drexel Ave is a home located in Milwaukee County with nearby schools including Robinwood Elementary School, Forest Park Middle School, and Franklin High School.

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